PART 3 CONTRACT - Pmueinrip-binamarga.com

Bidding Documents for ESB-02Part 3 – ContractSection VII. General Conditions of ContractSecuritytwenty-eight (28) days of the notification of contract award,provide a performance security for the performance of theContract in the amount specified in the SCC.18.2 The proceeds of the Performance Security shall be payable tothe Purchaser as compensation for any loss resulting from theSupplier’s failure to complete its obligations under theContract.18.3 As specified in the SCC, the Performance Security, if required,shall be denominated in the currency(ies) of the Contract, or ina freely convertible currency acceptable to the Purchaser; andshall be in one of the format stipulated by the Purchaser in theSCC, or in another format acceptable to the Purchaser.18.4 The Performance Security shall be discharged by the Purchaserand returned to the Supplier not later than twenty-eight (28)days following the date of Completion of the Supplier’sperformance obligations under the Contract, including anywarranty obligations, unless specified otherwise in the SCC.CopyrightConfidentialInformation19.1 The copyright in all drawings, documents, and other materialscontaining data and information furnished to the Purchaser bythe Supplier herein shall remain vested in the Supplier, or, ifthey are furnished to the Purchaser directly or through theSupplier by any third party, including suppliers of materials,the copyright in such materials shall remain vested in suchthird party20.1 The Purchaser and the Supplier shall keep confidential andshall not, without the written consent of the other party hereto,divulge to any third party any documents, data, or otherinformation furnished directly or indirectly by the other partyhereto in connection with the Contract, whether suchinformation has been furnished prior to, during or followingcompletion or termination of the Contract. Notwithstandingthe above, the Supplier may furnish to its Subcontractor suchdocuments, data, and other information it receives from thePurchaser to the extent required for the Subcontractor toperform its work under the Contract, in which event theSupplier shall obtain from such Subcontractor an undertakingof confidentiality similar to that imposed on the Supplier underGCC Clause 20.20.2 The Purchaser shall not use such documents, data, and otherinformation received from the Supplier for any purposesunrelated to the contract. Similarly, the Supplier shall not use3-8